9.17 Jianing Evening Analysis:
After the bearish interest-rate decision was兑现 yesterday, gold prices rose and then fell back, temporarily interrupting the long-term upward momentum. The market has shifted into a range-bound consolidation phase.
On the 4-hour Bollinger Bands, the upper band around 4350 acts as strong resistance, while the mid band at 4302 serves as the pivot between bulls and bears. In the short term, the moving averages have turned downward. Price is trading below the moving averages under pressure. Any rebound first needs to test the pressure at the Bollinger mid band; if it cannot hold above it, the slightly weak outlook is likely to continue.
Resistance: 4340-4350 | Support: 4255-4235
On a rebound to around 4340-4355, consider a sell-off approach.
Targets: around 4320, 4295, and 4250.#外汇黄金 #Gold
After the bearish interest-rate decision was兑现 yesterday, gold prices rose and then fell back, temporarily interrupting the long-term upward momentum. The market has shifted into a range-bound consolidation phase.
On the 4-hour Bollinger Bands, the upper band around 4350 acts as strong resistance, while the mid band at 4302 serves as the pivot between bulls and bears. In the short term, the moving averages have turned downward. Price is trading below the moving averages under pressure. Any rebound first needs to test the pressure at the Bollinger mid band; if it cannot hold above it, the slightly weak outlook is likely to continue.
Resistance: 4340-4350 | Support: 4255-4235
On a rebound to around 4340-4355, consider a sell-off approach.
Targets: around 4320, 4295, and 4250.#外汇黄金 #Gold
